Ministry of Finance downgrades Latvia’s economic growth outlook
With the schedule for the preparation of the state budget for 2023 pushed back, the Ministry of Finance reports it has «updated» the…
Category: Business
Baltic States agree to develop plan to railway network’s conversion according to EU standards
During a meeting of European transport ministers in Brussels, participants agreed that all member states the railway network of which differs from the…
Real estate market is cooling down in Estonia
The cooling of the Estonian rental market has also reached Tallinn, and landlords have to expect a longer time to find new tenants…
Revenue of Latvian Augstsprieguma tīkls JSC up 149% in nine months
In nine months of 2022 the turnover of Latvian power distribution company Augstsprieguma tīkls JSC (AST) was EUR 204.5 million. This includes revenue…
Latvia publishes a list of top most valuable businesses
This year Swedbank Baltics JSC made it to 1st place among Latvia’s TOP most valuable businesses index composed by Nasdaq Riga and Prudentia….
Economist: Latvia’s economy will continue slowing down
Latvia’s GDP went down by 0.6% in Q3 this year, and the slowing of economic activity will continue in Q4 as well, said…
Latvia’s GDP down by 0.6% in Q3 2022
Compared with the same quarter of 2021, seasonally unadjusted calendar data from the Central Statistical Bureau (CSP), Latvia’s gross domestic product (GDP) has…
AST: without new tariffs the company would lose six million euros every month
Latvian electricity transmission system operator Augstsprieguma tīkls (AST) has calculated that without new tariffs it would suffer approximately six million euros worth of…
Warning for businesses – number of fraudulent accounts is on a rise
Scammers have started forging accounts of partners of different companies in an attempt to scam Latvian businesses of their money, reports Swedbank, warning…
